With the Bank of England warning of a sharp fall in sterling, would leaving the EU be a buying opportunity? June 17, 2016 Jason Hollands, managing director of Tilney Bestinvest, says Yes. A Leave vote will likely lead to a knee-jerk reaction in the markets, led by a sharp slide in sterling. However, far from hitting the panic button, I would see an indiscriminate slide in UK equities on the back of a Leave vote as a potential buying [...]
Before the bell: What you need to know before the US market open June 15, 2016 Fed day is here chair Janet Yellen is unlikely to do anything that would surprise the markets. We'll have the decision at 7pm London time and then wait to hear from the lady herself at 7:30pm. Here's what you need to know before the market open at 14:30 London time. US futures are pointing up [...]
Savers should plump for cash over shares, study says June 15, 2016 Savvy savers should opt for a best buy cash savings account over a FTSE 100 tracker, according to new research which challenges conventional wisdom. The study by financial journalist and BBC Money Box presenter, Paul Lewis, found that this type of savings account beat the tracker in 57 per cent of 192 five-year periods starting each month from 1 January [...]
Former Standard Life director in line for top governance position at Woodford’s fund June 14, 2016 Neil Woodford, the star City investor, is set to name ex-Standard Life director Marcia Campbell as the next chair of its oversight board. Campbell – who held various roles at Standard Life over the course of two decades, including running its operations in the Asia-Pacific region – will replace Mary Reilly, who has beenin the job since the position was created in 2014. [...]
Before the bell: What you need to know before the US market open June 14, 2016 Brexit fears are dragging down markets and Germany's 10-year bond yield has turned negative. Here's what you need to know before the market open at 14:30 London time. US futures are pointing down again today, suggesting the bad start to the week is going to continue. The S&P is off by 0.22 per cent. The Nasdaq is 0.26 [...]
At the close: FTSE 100 sinks as Brexit fears send sterling to two month lows June 13, 2016 Resource stocks made up the majority of only a handful of risers on the FTSE 100 today as investors fretted over Brexit and sterling took a beating. The FTSE 100 closed at 6,044.97 – down 1.16 per cent on the day – and at its lowest level in three months. In March it was trading as low as 6,036, though had [...]
Before the bell: What you need to know before the US market open June 13, 2016 China's decelerating economy is causing fresh concern across international markets and the International Monetary Fund isn't helping. Here's what you need to know before the US market opens at 14:30 London time. The US market is pointing heavily south ahead of the open. The S&P 500 is down by 0.31 per cent in the pre-market. The Nasdaq [...]
Tennis star Andy Murray serves up three more investments via Seedrs June 13, 2016 Tennis star and former Wimbledon champ Andy Murray has announced three more investments in British startups, made via the crowdfunding platform Seedrs. Murray, who lost to rival Novak Djokovic in the final of the French Open last weekend, has invested in Beeline, Dog Tracker Nano and blow LTD. The size of the investments has not been disclosed. Beeline is [...]
Fintech helps to push foreign direct investment in UK financial services sector to highest level since 2006 June 13, 2016 Foreign investors can't get enough of the UK's financial services market, with a report out today discovering that fintech has helped push foreign direct investment (FDI) to its highest level since 2006. The research by professional services firm EY discovered that, in 2015, there were 94 FDI projects in the UK's financial services sector, which in turn generated 8,138 [...]
Week ahead: Investors watch BoE and sterling as EU vote nears June 13, 2016 Brexit braying and the Bank of England’s interest rate decision will be closely followed by investors this week. Ahead of the BoE’s announcement on Thursday we’ll hear from the US Federal reserve, and though markets are not expecting a move from either, investors will be paying close attention to the language used by policy makers. [...]